She championed consumers, but can Lucy Rigby MP steer the City? Legal Lawyers, journalists, and Westminster insiders have long dominated the British political system, and this Labour government is no exception, with a former barrister at the helm. Now, the minister responsible for the City has joined the list. But who is Lucy Rigby MP? That was the question on everyone’s lips in the Square Mile. She [...]
Meet the new City minister Opinion Lucy Rigby KC MP takes over responsibility for financial services policy but who is the ex Slaughter & May minister? Who is the new City Minister? “I specialised in competition law and spent time in the City, at the regulator and at Which?, which gave me particular insight into how markets and regulation work – [...]
London Stock Exchange gets go-ahead to run Pisces private stock market Markets The Financial Conduct Authority has given the London Stock Exchange the green light to operate a new Pisces private stock market, clearing the path for the market’s launch later this year. The City watchdog confirmed on Tuesday that London’s flagship stock exchange had become the first operator to receive approval to run Pisces – a [...]
National wealth fund boss slams banking industry’s risk appetite June 30, 2025 The boss of the National Wealth Fund has blasted the banking industry’s risk appetite and cited the lack of risk-taking as the reason for waning growth figures. Speaking at City Week on Monday, John Flint, the chief executive of the newly-established government body, said: “The banking system is very heavily regulated and in the best [...]
City minister doubles down on green finance as firms turn sour June 30, 2025 The City minister has reaffirmed the government’s ambition for a green transition across the financial services sector, despite the industry pivoting on climate priorities. Speaking at City Week on Monday, Emma Reynolds said: “The UK has a world leading financial and related professional services ecosystem and the research that is needed to integrate sustainable finance.” [...]
Car crash interview: City minister trips up over £10bn infrastructure project June 16, 2025 City minister Emma Reynolds was flummoxed by a series of questions about the government’s recent infrastructure announcements in a variously tense and cringe-inducing interview on LBC on Monday morning. Just seconds into the exchange with Nick Ferrari, Reynolds misspoke and called the Dartford Tunnel – in Kent – the Dartmouth Tunnel – in Devon – [...]
Government set to slash red tape for investment industry March 5, 2025 The government is set to launch a consultation aiming to slash red tape from the alternative investment industry, City AM understands. City minister Emma Reynolds is set to launch the consultation, which will begin in the coming weeks, while addressing top brass in the private equity and venture capital sector later today. Speaking at a [...]
Former City minister Bim Afolami joins QCA with ‘unfinished business’ February 13, 2025 Former City minister minister Bim Afolami has joined the Quoted Companies Alliance board, in a ‘coup’ for the trade body that supports smaller and medium-sized listed companies. The former Tory MP and minister responsible for the Square Mile will sit on the QCA’s board, as it works to champion Britain’s small and medium-sized publicly traded [...]
No 10 won’t confirm new City Minister’s role in China policy January 15, 2025 Downing Street has declined to confirm whether new City minister Emma Reynolds will be able to make decisions about the UK’s relationship with China. She was appointed to the post of economic secretary to the Treasury yesterday, after Tulip Siddiq resigned over allegations of corruption linked to the former government in Bangladesh. Bloomberg reported that [...]
The runners and riders to replace under-fire City minister Tulip Siddiq January 10, 2025 Downing Street is reportedly weighing up a number of potential candidates to replace Tulip Siddiq as her position as City minister comes under increasing pressure. Siddiq, the niece of ousted Bangladeshi leader Sheikh Hasina, has been in the headlines since last month when she was named in an investigation into whether her Bangladeshi family embezzled [...]